Notícies i Política
MoneyWeek

MoneyWeek Issue 974

There's a reason MoneyWeek is Britain's best-selling financial magazine. We exist to help you ground your portfolio so that it keeps your money safe during rough patches and growing in the good times. We don't just look at how to maximise your returns and limit your losses, we also like to look at how you can keep more of the money you've made. Week-in, week-out we'll guide you through the financial world as it changes, alerting you to all the opportunities to profit and dangers to avoid, as they appear. Income strategies, rising-star companies, the best funds and trusts, clever ways to preserve your wealth during market turmoil... you will get the best ideas from the sharpest financial minds and investing professionals in Britain.

País:
United Kingdom
Idioma:
English
Editor:
Dennis Publishing UK
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51 Números

en aquest número

3 min.
from the editor-in-chief...

“The greatest danger to capitalism is the rise of powerful established industry players” Read the papers and you will see nothing but misery about how divided Britain is – we can, we are told, agree on nothing. It isn’t really so. There is one thing that almost everyone agrees on: that the world’s very big companies are a problem. I moderated a debate between the FT’s Martin Wolf and Yanis Varoufakis last week. They come at their critiques of capitalism from completely different angles; but a large part of both of their anger was channelled in the same direction. Yanis railed against the “rise of networked mega-corporations” and mega-banks into a “highly concentrated, obscenely powerful power grid”. By the middle of the Noughties, he said, 65 of the 100 wealthiest entities on…

2 min.
loser of the week

Bruce Bagley, aMiami professor and author of a book on drug trafficking and organised crime, has been accused of putting his expertise to use in all the wrong ways. Bagley, who co-authored Drug Trafficking, Organised Crime, and Violence in the Americas Today, plus several academic articles on the subject, has been charged with laundering $2.5m into the US, taking $250,000 for himself. The money is alleged to have come via Swiss and UAE bank accounts held by a “purported food company” and a wealth management firm controlled by an unidentified Colombian, reports Bloomberg. It comes from embezzlement, corruption and bribery, say prosecutors. He has been released on $300,000 bail. Good week for: Kylie Jenner (pictured), the 22-year-old star of TV and Instagram, has sold a 51% stake in her make-up business to…

2 min.
stop worrying about the yield curve

“False alarm?” The inversion of the US yield curve sparked talk of impending recession earlier this year, says The Economist. Yet yields on US government debt have returned to a more normal pattern since mid-October. The curve completely uninverted for the first time in a year earlier this month. Financial markets are “celebrating a bullet dodged”. US indices have been hitting new all-time highs in recent weeks as investors go back into “risk-on” mode. The Dow Jones index has gained 4.5% in the past month; the S&P 500 has risen 24% so far this year. But “the bullet may still be on its way”. Doomsday delayed The yield curve plots the interest rates on US Treasury bonds of different maturities. Under normal circumstances investors will demand higher interest rates for longer maturities.…

1 min.
investors maintain confidence in hong kong

Is Hong Kong on the “brink of a total breakdown”? That was how one police spokesman described the situation after a week that saw anti-government protesters block roads in the central business district. Lawyers and bankers have been joining “radicals at the barricades” during their lunch breaks, says Amy Gunia in Time. The violence “on the doorstep of some of the world’s largest banks” caused the territory to plunge into recession in the third quarter. Tourist arrivals are down by a third over the past year. The violence has also begun to weigh on local markets. Mainland companies make up about 70% of the Hong Kong Stock Exchange. That should make equities’ performance more tied to developments on the mainland than to turbulence in the former British colony. Yet the city’s…

1 min.
the cannabis high is wearing off

Legalisation in Canada and California meant that the cannabis sector was “white-hot” last year, says Kristine Owram on Bloomberg. Yet many North American pot firms have now “lost two-thirds... of their value”. Canada’s Canopy Growth Corporation, the world’s largest, has reported poor sales. The shares are down 47% so far this year. CEO Mark Zekulin told analysts that the “addressable market is only about half of what was originally expected”, reports Ciara Linnane for MarketWatch. Cannabis retailer MedMen announced at the end of last week that it will cut “more than 20% of its staff” as it struggles with a cash crunch. The industry faces several problems, says Owram. Efforts to legalise it in new markets have stalled, established black-market dealers are providing stiff competition and big institutional investors are sitting on…

1 min.
viewpoint

“[Last week] talk of the Dow Jones... at 30,000 didn’t seem so fanciful as when Barron’s suggested it in January 2017, as the blue chips hit 20,000... ‘the global economic backdrop has, for the first time in 18 months, begun to improve’, writes Michael Pearce [of] Capital Economics. It’s not just because of prospects of a trade deal. Recession risks have, well, receded. Growth may slow to a 1% annual rate in the current quarter, but odds of falling into an outright recession have slid... the risks from financial excesses still appear moderate, according to Goldman Sachs economist David Mericle. Commercial real-estate risks have eased, helped by slower price appreciation and better rents. Corporate debt is high, compared with GDP, but a better comparison is debt versus earnings and assets.…